Accenture plc (NYSE:ACN) Shares Sold by abrdn plc

abrdn plc decreased its holdings in Accenture plc (NYSE:ACN - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 865,006 shares of the information technology services provider's stock after selling 90,865 shares during the quarter. Accenture accounts for about 0.6% of abrdn plc's holdings, making the stock its 29th biggest holding. abrdn plc owned about 0.14% of Accenture worth $304,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ACN. Baldwin Wealth Partners LLC MA lifted its position in shares of Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock worth $22,314,000 after buying an additional 3,883 shares during the last quarter. Schrum Private Wealth Management LLC boosted its position in shares of Accenture by 78.6% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider's stock worth $4,047,000 after buying an additional 5,038 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Accenture in the 3rd quarter worth about $1,040,000. Concurrent Investment Advisors LLC lifted its holdings in Accenture by 70.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider's stock valued at $12,581,000 after purchasing an additional 14,724 shares in the last quarter. Finally, M&G PLC lifted its holdings in Accenture by 34.1% in the 3rd quarter. M&G PLC now owns 292,808 shares of the information technology services provider's stock valued at $103,361,000 after purchasing an additional 74,438 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analyst Ratings Changes

ACN has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Morgan Stanley raised their price target on shares of Accenture from $335.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Friday. BMO Capital Markets lifted their price objective on shares of Accenture from $390.00 to $425.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. The Goldman Sachs Group raised shares of Accenture from a "neutral" rating to a "buy" rating and boosted their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. Finally, UBS Group boosted their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $387.22.

Accenture Trading Up 0.2 %

NYSE ACN opened at $385.62 on Tuesday. The business's 50-day moving average price is $359.56 and its two-hundred day moving average price is $350.23. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The firm has a market capitalization of $241.32 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 3.43 and a beta of 1.24. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the business earned $3.27 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect that Accenture plc will post 12.69 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture's dividend payout ratio is presently 49.66%.

Insider Activity

In other Accenture news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares of the company's stock, valued at $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Joel Unruch sold 4,750 shares of Accenture stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the sale, the general counsel now directly owns 20,526 shares of the company's stock, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,255 shares of company stock valued at $4,756,101 over the last three months. Corporate insiders own 0.02% of the company's stock.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

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